SKB-Bank launches new interest rates on deposits prior to Bank of Russia’s decision
17 July 2008 (12:03)
‘SKB-Bank introduced some new interest rates on deposits even before the Central Bank raised the refinancing rate,’ SKB-Bank’s Deposit Operations Director Denis Belogurov said to UrBC.
The Bank of Russia increased the annual refinancing rate from 10.75% to 11% on July 11, 2008.
‘SKB-Bank raised the interest rate it offers on the Gold Standard deposit by 1% on July 1, 2008. In addition, the interest rate offered on World Standard, the bank’s most popular deposit, is to go up 1% and thus to reach 14.5% a year on August 1, 2008. This figure offsets even the most pessimistic inflation forecasts for the year 2008,’ Belogurov explained.
The Bank of Russia increased the annual refinancing rate from 10.75% to 11% on July 11, 2008.
‘SKB-Bank raised the interest rate it offers on the Gold Standard deposit by 1% on July 1, 2008. In addition, the interest rate offered on World Standard, the bank’s most popular deposit, is to go up 1% and thus to reach 14.5% a year on August 1, 2008. This figure offsets even the most pessimistic inflation forecasts for the year 2008,’ Belogurov explained.
 | Embed to Blog |  | Subscribe to Newsletter |  |
Other materials on the topic::
- Income taxation on forex deposits to remain the same, SKB-Bank says
- SKB-Bank raises interest rates on ruble deposits on August 1, 2008
- SKB-Bank reports its Gold Standard deposit grows more profitable
- SKB-Bank raises deposit interest rates on its birthday
- SKB-Bank raises its Gold Standard effective interest rate